When entering a K-1 (1065/partnership) with Box 20 Code Z indicated, TurboTax will prompt for additional information regarding the Section 199A income.
After indicating that the K-1 has information for Box 20 Code Z, the following screens will appear:
- We see you have Section 199A income
- We need some information about your 199A income
You can enter unadjusted basis under the UBIA of qualified property option.
The K-1 you received will likely have a supplemental attachment (known as Schedule A), you will want to enter information from this form in the interview screens indicated above.
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